Wem 2000 Foundation

Organization Overview

Wem 2000 Foundation is located in Minneapolis, MN. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wem 2000 Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Wem 2000 Foundation generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $5.1m during the year ending 12/2021. While expenses have increased by 18.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Wem 2000 Foundation has awarded 26 individual grants totaling $16,150,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST IN CARRYING OUT THE CHARITABLE PURPOSES OF ANY PUBLIC CHARITY LOCATED IN MINNESOTA,INCLUDING, BUT NOT LIMITED TO, THE DORSEY & WHITNEY FOUNDATION.

Describe the Organization's Program Activity:

ASSISTED IN CARRYING OUT THE CHARITABLE PURPOSES OF THE DORSEY & WHITNEY FOUNDATION.


ASSISTED IN CARRYING OUT THE CHARITABLE PURPOSES OF TNTP, INC.


ASSISTED IN CARRYING OUT THE CHARITABLE PURPOSES OF THE PRODEO ACADEMY.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$44,800
Noncash contributions included in lines 1a–1f $44,800
Total Revenue from Contributions, Gifts, Grants & Similar$44,800
Total Program Service Revenue$0
Investment income $6,138,032
Tax Exempt Bond Proceeds $0
Royalties $3
Net Rental Income -$157
Net Gain/Loss on Asset Sales $114,269
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,290,419

Grants Awarded

Over the last fiscal year, Wem 2000 Foundation has awarded $5,000,000 in support to 8 organizations.

Grant RecipientAmount

THE DORSEY & WHITNEY FOUNDATION

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: TO ASSIST IN CARRYING OUT THE CHARITABLE PURPOSES OF THE DORSEY & WHITNEY FOUNDATION

$1,700,000

New York, NY

PURPOSE: TO ASSIST IN CARRYING OUT THE CHARITABLE PURPOSES OF TNTP, INC.

$900,000

Hopkins, MN

PURPOSE: TO ASSIST IN CARRYING OUT THE CHARITABLE PURPOSES OF BLACK MEN TEACH

$500,000

Columbia Heights, MN

PURPOSE: TO ASSIST IN CARRYING OUT THE CHARITABLE PURPOSES OF PRODEO ACADEMY

$500,000

Minneapolis, MN

PURPOSE: TO ASSIST IN CARRYING OUT THE CHARITABLE PURPOSES OF MICROGRANTS

$450,000

St Paul, MN

PURPOSE: TO ASSIST IN CARRYING OUT THE CHARITABLE PURPOSES OF WOMEN VENTURE

$375,000
View Grant Profile

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